JSW Infrastructure Limited (JSWINFRA)

Services · Transport Infrastructure · NSE · Updated 1 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹312.4 ↑ 2.75% (1Y)

🎯 Key Takeaways

JSW Infrastructure is transitioning from a high-growth phase into a capital-intensive expansion stage, with operational performance improving steadily and management targeting significant scale-up by FY2030. The company is leveraging its port and logistics platform to capture structural demand growth in India's trade infrastructure, supported by strategic capex and balance sheet strengthening.
Revenue grew 18% QoQ to ₹1,182 in Q3FY25.
⚠️ Execution risk in large-scale capex projects, as evidenced by delays in capital expenditure timelines despite fund deployment.

Market Cap

₹56,091

P/E Ratio

41.5

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

JSW Infrastructure is transitioning from a high-growth phase into a capital-intensive expansion stage, with operational performance improving steadily and management targeting significant scale-up by FY2030. The company is leveraging its port and logistics platform to capture structural demand growth in India's trade infrastructure, supported by strategic capex and balance sheet strengthening.

📰 What's Happening

In Q1 FY27, JSW Infrastructure reported 18% YoY revenue growth to ₹1,445 crore, driven by 6% cargo volume growth to 31 million tonnes and strong port and logistics segment performance. Operating EBITDA rose 16% to ₹674 crore, with PAT at ₹358 crore. The company completed a ₹7,503 crore Qualified Institutional Placement (QIP), expanded port capacity, secured environmental clearance for rail connectivity at Murbe Port, and commenced operations at new terminals. Management targets ₹6,850 crore revenue and ₹3,000 crore EBITDA for FY27, with EBITDA expected to grow ~15% in FY27 and nearly double by FY28. Capex plans include ₹30,000 crore over the next decade to increase cargo handling capacity to 400 MTPA from 186 MTPA.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	848	940	1,096	1,010	1,001	1,182
Operating Profit	499	558	685	609	607	670
OPM %	53.3%	51.0%	53.0%	51.0%	52.0%	49.6%
Net Profit	256	254	329	297	374	336
EPS	₹1.41	₹1.20	₹1.62	₹1.42	₹1.80	₹1.59

Revenue has grown from ₹848 crore in Q2FY24 to ₹1,445 crore in Q1FY27, reflecting consistent top-line expansion, while operating margins have remained stable around 49-53%. Net profit margins have shown slight compression in recent quarters (from ₹374 crore in Q2FY25 to ₹358 crore in Q1FY27), but this is attributed to increased investments and expansion rather than operational inefficiency. The company's profitability is improving in absolute terms and is expected to accelerate as scale increases, supported by higher-margin logistics and port operations.

🔮 Management Outlook & What's Next

Management has provided clear forward-looking guidance, targeting consolidated operating revenue of ₹6,850 crore and operating EBITDA of ₹3,000 crore for FY27, with EBITDA expected to grow ~15% in FY27 and nearly double by FY28. They also aim to increase cargo handling capacity to 400 MTPA by FY2030 through ₹30,000 crore capex and ₹9,000 crore logistics expansion. The company emphasizes strengthening its position as India's second-largest private commercial port operator and a fast-growing logistics platform with 18% coverage of west and east coasts.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Transport Infrastructure

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Adani Ports and Special Economic Zone Limited	4.14 L Cr	30.8	12.5%	7.8%	0.57
GMR AIRPORTS LIMITED	1.02 L Cr	-140.0	—	—	—
JSW Infrastructure Limited	56,091	41.5	—	—	—
Gujarat Pipavav Port Limited	7,302	20.8	—	—	—
BF Utilities Limited	2,022	6.2	—	—	—
Innovision Limited	736	—	—	—	—
Allcargo Terminals Limited	629	14.9	—	—	—
Highway Infrastructure Limited	403	15.5	—	—	—
Dreamfolks Services Limited	401	5.8	—	—	—
ATLANTAA LIMITED	362	1.5	—	—	—

🔗 Peer Stock Analyses

ADANIPORTS GMRAIRPORT GPPL BFUTILITIE INNOVISION

⚠️ Risk Factors

1. Execution risk in large-scale capex projects, as evidenced by delays in capital expenditure timelines despite fund deployment. 2. Execution risk in integrating logistics expansion and achieving target capacity of 400 MTPA by FY2030. 3. Margin pressure potential if revenue growth slows before EBITDA targets are met, given current operating leverage. 4. Regulatory and environmental clearance risks for new port and rail connectivity projects, which are critical for future growth.

📋 Recent Filings

🧠 Analyst's Read

JSW Infrastructure is executing a clear infrastructure expansion strategy with strong operational momentum and improving financial metrics, but investors should monitor execution discipline on capex timelines and margin sustainability as the company scales. The next key updates will likely come from the FY27 annual results and progress on rail connectivity and port capacity milestones.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-01.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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